Georges Elhedery Acquires 41,720 Shares of HSBC Holdings plc (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery purchased 41,720 shares of HSBC stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of GBX 718 ($9.35) per share, for a total transaction of £299,549.60 ($389,937.00).

HSBC Trading Down 1.2 %

Shares of HSBA opened at GBX 715.60 ($9.32) on Friday. The firm has a market capitalization of £130.17 billion, a P/E ratio of 804.04, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock’s fifty day simple moving average is GBX 676.37 and its 200 day simple moving average is GBX 676.18. HSBC Holdings plc has a twelve month low of GBX 572.90 ($7.46) and a twelve month high of GBX 729.60 ($9.50).

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th will be given a $0.10 dividend. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. HSBC’s dividend payout ratio (DPR) is presently 5,393.26%.

Analyst Ratings Changes

HSBA has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 870 ($11.33) price target on shares of HSBC in a research note on Wednesday, August 21st. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Monday, September 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, HSBC has a consensus rating of “Moderate Buy” and an average target price of GBX 795 ($10.35).

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.